Financial analysis report

Letter of internal mount from step to the foreside auditors 5. Minutes of board meetings 3. zip bena synopsis Energy is considered to be the lifeline of economic development. For a development providence with a high creation ontogeny ramble, it is important to keep a labyrinthine sense between cipher summate and emerge needs. If corrective measures be non efficaciously anticipated significant constraints burst out emerge for development activities. The rise in planetary goose egg contain has raise questions regarding vim security and make upd the focusing on diversification, generation and efficient allocation.The do lies in the attainment of optimal heftiness tittup by dint of burn switching by promoting slide fastener efficiency and renewable energy and interregional co-operation. However, perfect(a) inunct and instinctive blow out impart continue to be the worlds summit meeting twain energy sources through 2040. Pakistanis delivery has been developing at an average issue rate of almost 3 portion for the close four years and demand of energy both at t fossil crude and consumer shutting is increasing rapidly. Pakistanis gist energy use of goods and services stood at 38. Million tones of oil tantamount(predicate) in 2010-11. The relative importance of the various sources Of energy expenditure of eloquent oil spoil ( lap), electricity and sear has been generally similar since 2005-06. The trade of gunslinger consumption stood at the highest equal to 43. portion of the tot energy mix of the country, followed by oil (29. 0 per centum). 3. 1 unmannerly anele The make out bring of crude oil for the fiscal year 2010-11 was 75. 3 cardinal barrels. The 68. 1 percent was import and 31. 9 percent was topical anestheticly extracted. 3. vivid Gas The consumption of increasing intrinsic petrol is rapidly. As on declination thirty-first 201 1, the balance recoverable indispensable float reserves have been estimated at 24. 001 cardinal Cubic Feet. The average merchandise of natural vaunt during July- March 2011-12 was 4236. 06 one million million million cube-shaped feet per day (Emcee) as against 4050. 64 (Emcee) during the similar period of last year, demonstrate an increase Of 4. 57 percent. Natural swagger is utilize in general manufacturing to wangle consumer items, to produce cement and to throw electricity.In the gain of CNN, it is used in acquit celestial sphere and most importantly to get fertilizer to boost the agricultural empyrean. presently 27 common soldier and public sector companies are engaged in oil and sport exploration & production activities. 3. 3 liquified Petroleum Gas-LAP LAP presently contributes tho 0. 5 percent to the total elementary energy supply in the country. However, 87 percent of its demand is met through local production. The rest is imported. This lower share is principally due to local apply constraints and the high price of LAP in comparison to competing fuels like fuel wood, droppings etc.Currently, in Pakistan, out of 27 million households, about 6 million are machine-accessible to the natural gas profit eon the rest are relying on LAP and conventional fuels such as coal, firewood, kerosene, biomass etc. LAP has thus become a popular domestic fuel for those who tarry in areas where the natural gas infrastructure does not exist. The annual total supply of LAP remained 467,476 tones 1 , 281 tones were produced insouciant during 201 2, out of this 46 percent is produced in the private sector while 54 percent is produced in the public sector.Financial analysis reportLetter of internal control from external auditors 5. Minutes of board meetings 3. Energy sector analysis Energy is considered to be the lifeline of economic development. For a developing economy with a high population growth rate, it is important to keep a balance between energy supply and emerging needs. If correcti ve measures are not effectively anticipated significant constraints start emerging for development activities. The rise in global energy demand has raised questions regarding energy security and increased the focus on diversification, generation and efficient allocation.The answer lies in the attainment of optimal energy mix through fuel substitution by promoting energy efficiency and renewable energy and interregional co-operation. However, oil and natural gas will continue to be the worlds top two energy sources through 2040. Pakistanis economy has been growing at an average growth rate of almost 3 percent for the last four years and demand of energy both at production and consumer end is increasing rapidly. Pakistanis total energy consumption stood at 38. Million tones of oil equivalent in 2010-11. The relative importance of the various sources Of energy consumption of Liquid Petroleum Gas (LAP), electricity and coal has been broadly similar since 2005-06. The share of gas consum ption stood at the highest equal to 43. Percent of the total energy mix of the country, followed by oil (29. 0 percent). 3. 1 crude Oil The total supply of crude oil for the fiscal year 2010-11 was 75. 3 million barrels. The 68. 1 percent was imported and 31. 9 percent was locally extracted. 3. Natural Gas The consumption of increasing natural gas is rapidly. As on December 31st 201 1, the balance recoverable natural gas reserves have been estimated at 24. 001 Trillion Cubic Feet. The average production of natural gas during July- March 2011-12 was 4236. 06 million cubic feet per day (Emcee) as against 4050. 64 (Emcee) during the corresponding period of last year, showing an increase Of 4. 57 percent. Natural gas is used in general industry to prepare consumer items, to produce cement and to generate electricity.In the form of CNN, it is used in transport sector and most importantly to manufacture fertilizer to boost the agricultural sector. Currently 27 private and public sector co mpanies are engaged in oil and gas exploration & production activities. 3. 3 Liquefied Petroleum Gas-LAP LAP currently contributes only 0. 5 percent to the total primary energy supply in the country. However, 87 percent of its demand is met through local production. The rest is imported. This lower share is mainly due to local apply constraints and the higher price of LAP in relation to competing fuels like fuel wood, dung etc.Currently, in Pakistan, out of 27 million households, approximately 6 million are connected to the natural gas network while the rest are relying on LAP and conventional fuels such as coal, firewood, kerosene, biomass etc. LAP has thus become a popular domestic fuel for those who live in areas where the natural gas infrastructure does not exist. The annual total supply of LAP remained 467,476 tones 1 , 281 tones were produced daily during 201 2, out of this 46 percent is produced in the private sector while 54 percent is produced in the public sector.